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The Week in Review: December 19, 2019
THURSDAY, DECEMBER 19, 2019
by: Valerie Mellema
There's been a lot of action in the news this week in horse racing. Here's your weekly update!
Stormy Liberal Retired
We wrote last week about a change in ownership for STORMY LIBERAL and that he was being sent to train in Florida. Well, he arrived in Florida and has now been retired with a 12-10-4 record from 37 starts. After undergoing a full medical workup finding "full-thickness cartilage defects on the palmar (back) aspect of the medial condyles in both front fetlocks", they decided it was best to retire the two-time Breeders' Cup champion and he will go live out the rest of his days at Old Friends Thoroughbred Retirement in Georgetown, KY. The gelding was winless in seven starts this season.
U.S. House Extends Three-Year Tax Depreciation
Some good news came out of Washington, D.C. this week with the U.S. House of Representatives voted 297-120 to extend the three-year tax depreciation for all racehorses through 2020. The tax deduction was set to expire January 1st, but has been reinstated and is retroactive to 2018. This is great news for the racehorse breeding and sales industry.
Pegasus World Cup Purse Reduction
The Stronach Group announced major changes to the Pegasus World Cup, reducing the purse to $3 million. It is still the 2nd largest purse for a dirt race in the country, but many owners aren't too happy. Saying that, they no longer have the $500,000 entry fee either. Owner Gary West announced that MAXIMUM SECURITY may divert to the $20 million Saudi Cup because of this change. For some, they believe this gives OMAHA BEACH a chance to stand out.
Prince Lucky Undergoes Surgery
Injured in the Harlan's Holiday Stakes (G3) at Gulfstream Park, PRINCE LUCKY underwent surgery on Monday and the surgeon, Dr. John Madison, is "very happy with him." The surgery took place after x-rays confirmed the multi-graded stakes winner had sustained fractures that could be operated on and would prepare him for retirement. His career ended with seven wins in 16 starts and $607,570 in earnings.
Have a great week!
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